A sales man demonstrates a computer game in a display area of Nvidia Corp. during the second day of the annual 2007 Computex Taipei June 6, 2007.
Credit: / Nir Elias
- Nvidia Corp (NVDA.O) on Wednesday posted higher fiscal fourth-quarter results that beat Wall Street's expectations, boosting its shares as the graphics chipmaker increased its focus on high-end automobiles.
The company reported revenue in the fiscal fourth-quarter ended Jan. 25 of $1.25 billion, up 9 percent from the year-ago quarter. Analysts on average had expected fourth-quarter revenue of $1.203 billion, according to Thomson I/B/E/S.
Nvidia's net income in the quarter was $193 million, or 35 cents a share, compared to $147 million, or 25 cents a share, in the year-ago quarter.
Non-GAAP earnings per share were 43 cents. Analysts expected fourth-quarter EPS of 29 cents.
For the current first quarter, Nvidia said it expects revenue of $1.16 billion, plus or minus 2 percent. Analysts on average expected first-quarter revenue of $1.15 billion.
Shares of Nvidia rose 5.33 percent in extended trade after closing down 0.67 percent at $20.81 on Nasdaq.
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